Dollar Steady After FOMC Holds Rates Unchanged

5 min read
The FOMC has released its November policy statement and it was exactly as expected. The committee held the target rate unchanged at 1.0 to 1.25% and sees the US economy growing at a solid pace into the long term. They upgraded growth to solid from modest despite impact from recent Hurricanes as labor markets strengthen, household spending and business investment pick up.

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